Company profile

Quibi

Quibi raised a total of $1.75 billion across two large seed rounds before shutting down and ultimately being acqui-hired. In August 2018, it secured a $1 billion seed round from a powerhouse syndicate including Alibaba Group, Disney, 21st Century Fox, Sony Pictures, Lionsgate, NBCUniversal, Entertainment One, ViacomCBS, Liberty Global, JPMorgan Chase, WarnerMedia, MGM Studios, and Goldman Sachs. This was followed by a $750 million seed round in March 2020 led by Google, Procter & Gamble, Walmart, Anheuser-Busch, Disney, WndrCo, and Alibaba Group to fuel content spend, marketing, and platform launch.

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Quick facts

Total funding: $1.75 billion

Notable investors

Google
Procter & Gamble
Walmart
Anheuser-Busch
Disney
WndrCo
Alibaba Group to fuel content spend

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